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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

Northeast Ups Payout, Confident in Con Edison Suit

LCG, June 29, 2001--Northeast Utilities is in the discovery phase of its lawsuit against Consolidated Edison Inc., Chief Executive Officer Michael Morris told the company's annual meeting yesterday. Northeast filed the suit after a merger between the two companies fell apart.

The suit, filed in the Federal District Court in Manhattan, seeks $1 billion in damages from Con Edison, the parent company for New York City's electric utility. Northeast claims Con Edison weaseled out of a $7.5 billion merger agreement the companies reached in October 1999.

Morris said his company is "more convinced than ever that Con Edison sought a way to lower the price paid for Northeast Utilities or get out" of the 1999 agreement. He added "We are feeling better and better about the lawsuit."

Morris also told shareholders of company plans to spend $800-$900 million over the next five years to double its capacity to move power to Long Island and to increase southwestern Connecticut's supply of electricity.

The Northeast board also increased the company's dividend payout by 25 percent, raising the annual rate to 50 cents from 40 cents.

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